Ulta Beauty, Inc. (NASDAQ:ULTA) Holdings Reduced by Oder Investment Management LLC

Oder Investment Management LLC reduced its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 1,456 shares of the specialty retailer’s stock after selling 30 shares during the quarter. Oder Investment Management LLC’s holdings in Ulta Beauty were worth $713,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Ulta Beauty in the 4th quarter worth approximately $25,000. Loomis Sayles & Co. L P lifted its stake in Ulta Beauty by 364.3% during the third quarter. Loomis Sayles & Co. L P now owns 65 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in Ulta Beauty during the fourth quarter valued at approximately $28,000. VisionPoint Advisory Group LLC lifted its stake in Ulta Beauty by 7,300.0% during the third quarter. VisionPoint Advisory Group LLC now owns 74 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Finally, Webster Bank N. A. purchased a new stake in shares of Ulta Beauty in the 4th quarter valued at approximately $33,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ulta Beauty

In related news, Director Catherine Ann Halligan sold 500 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $526.26, for a total transaction of $263,130.00. Following the transaction, the director now directly owns 1,665 shares in the company, valued at $876,222.90. The sale was disclosed in a filing with the SEC, which is available through this link. In other Ulta Beauty news, insider Anita Jane Ryan sold 3,102 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $525.25, for a total value of $1,629,325.50. Following the transaction, the insider now directly owns 2,705 shares in the company, valued at $1,420,801.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 500 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $526.26, for a total transaction of $263,130.00. Following the transaction, the director now directly owns 1,665 shares in the company, valued at $876,222.90. The disclosure for this sale can be found here. Insiders have sold a total of 24,552 shares of company stock valued at $12,920,326 over the last 90 days. 0.34% of the stock is owned by corporate insiders.

Ulta Beauty Price Performance

ULTA traded down $3.79 during trading on Wednesday, reaching $401.05. The company had a trading volume of 215,366 shares, compared to its average volume of 762,741. Ulta Beauty, Inc. has a 12 month low of $368.02 and a 12 month high of $574.76. The business’s fifty day moving average price is $495.01 and its 200 day moving average price is $469.79. The company has a market cap of $19.23 billion, a P/E ratio of 15.54, a PEG ratio of 1.68 and a beta of 1.30.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $8.08 earnings per share for the quarter, beating analysts’ consensus estimates of $7.49 by $0.59. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.53 billion. Ulta Beauty had a net margin of 11.52% and a return on equity of 61.64%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.68 earnings per share. As a group, sell-side analysts predict that Ulta Beauty, Inc. will post 26.55 EPS for the current fiscal year.

Ulta Beauty announced that its board has authorized a share repurchase plan on Thursday, March 14th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 7.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ULTA shares. Morgan Stanley upped their price target on shares of Ulta Beauty from $480.00 to $525.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Telsey Advisory Group restated an “outperform” rating and set a $600.00 price target on shares of Ulta Beauty in a research note on Friday, March 15th. Raymond James dropped their price target on shares of Ulta Beauty from $630.00 to $610.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 3rd. TD Cowen dropped their price target on shares of Ulta Beauty from $580.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Finally, Barclays lowered shares of Ulta Beauty from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $612.00 to $434.00 in a research note on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $548.05.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.